Mogy Joel R Investment Counsel Inc. Increases Holdings in AutoZone, Inc. (NYSE:AZO)

Mogy Joel R Investment Counsel Inc. boosted its position in shares of AutoZone, Inc. (NYSE:AZO) by 4.7% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,161 shares of the company’s stock after purchasing an additional 231 shares during the quarter. AutoZone comprises about 1.0% of Mogy Joel R Investment Counsel Inc.’s portfolio, making the stock its 26th biggest position. Mogy Joel R Investment Counsel Inc.’s holdings in AutoZone were worth $16,526,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in shares of AutoZone in the 3rd quarter valued at about $36,000. Carolina Wealth Advisors LLC purchased a new position in shares of AutoZone in the 3rd quarter valued at $47,000. Darwin Wealth Management LLC bought a new position in shares of AutoZone in the 3rd quarter worth $47,000. McIlrath & Eck LLC lifted its stake in shares of AutoZone by 25.0% during the 3rd quarter. McIlrath & Eck LLC now owns 20 shares of the company’s stock worth $63,000 after purchasing an additional 4 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new stake in AutoZone during the third quarter valued at about $66,000. 92.74% of the stock is owned by institutional investors.

AutoZone Stock Performance

NYSE AZO opened at $3,221.06 on Tuesday. The firm has a market capitalization of $54.05 billion, a P/E ratio of 21.52, a PEG ratio of 1.78 and a beta of 0.71. AutoZone, Inc. has a fifty-two week low of $2,658.18 and a fifty-two week high of $3,416.71. The stock has a 50-day simple moving average of $3,223.86 and a two-hundred day simple moving average of $3,139.31.

AutoZone (NYSE:AZO) last posted its earnings results on Tuesday, December 10th. The company reported $32.52 earnings per share for the quarter, missing the consensus estimate of $33.69 by ($1.17). AutoZone had a net margin of 14.18% and a negative return on equity of 53.89%. The firm had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.30 billion. During the same period last year, the firm earned $32.55 earnings per share. AutoZone’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, analysts forecast that AutoZone, Inc. will post 153.09 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on AZO shares. Barclays boosted their target price on shares of AutoZone from $3,024.00 to $3,585.00 and gave the stock an “overweight” rating in a report on Thursday, January 9th. Morgan Stanley lifted their price target on shares of AutoZone from $3,038.00 to $3,125.00 and gave the stock an “overweight” rating in a report on Wednesday, September 25th. Mizuho increased their price objective on AutoZone from $3,350.00 to $3,600.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Redburn Atlantic upgraded AutoZone to a “strong-buy” rating in a research note on Tuesday, October 1st. Finally, Truist Financial increased their price target on AutoZone from $3,501.00 to $3,753.00 and gave the company a “buy” rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, AutoZone has an average rating of “Moderate Buy” and an average price target of $3,429.84.

AutoZone Company Profile

AutoZone, Inc retails and distributes automotive replacement parts and accessories in the United States, Mexico, and Brazil. The company provides various products for cars, sport utility vehicles, vans, and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories, and non-automotive products.